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Property profile & analytics
OFF-MARKET
Estimated value
$1,140,000
Investment properties
605 Market St Wilmington, DE 19801-3166
Entity Owned
14-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US17-0189129
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1920
Construction
CONCRETE
Total area
5,255 SF
Lot
0.12 ac (5,227 SF)
Zoning code
26C-3
APN
26-035.30-395
UPID
US17-0189129
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Luigi Ciuffetelli Photography, LLC Photography Service (Bike/Boat/Book/etc) Store
-
First Ascent Advertising Agency Marketing & Advertising
-
1440 Film Co. Film Production Television Studio
-
Carvertise Marketing & Advertising Advertising Agency
-
Downtown Wilmington Improvement Professional Services
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$825k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.14M
Owner & transaction history
605 Market LLC · 14 yrs held
605 Market LLC
since 2012
5 recorded transactions
Zoning & alternative use
26C-3 · Wilmington, DE
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$895,000
6.5%
$825,000
7%
$765,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,085,000
Current use
RETAIL STORES
$1,085,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$1.14M
Range $1.03M – $1.25M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$217 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,202
Tax year 2023
Assessed value
$535,000
Assessed 2023
Previous assessed
$535,000
+0.0% YoY
Effective rate
3.40%
On assessed value
Assessed land
$104,500
Assessed improvement
$430,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1920
Construction
CONCRETE
Heating
YES
Cooling
YES
Stories
4
Total area
5,255 SF
Lot
0.12 ac (5,227 SF)
Zoning code
26C-3
APN
26-035.30-395
UPID
US17-0189129
Jurisdiction
NEW CASTLE
Metro division
WILMINGTON, DE-MD-NJ METROPOLITAN DIVISION
Zoning & alternative use
26C-3 · Wilmington, DE
Zoning 26C-3 · permitted uses
26C-3 · Wilmington, DE
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wilmington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
RETAIL STORES
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Construction
CONCRETE
Heating
YES
Cooling
Yes
Stories
4
Lot
0.12 ac
Current owner
From public records · entity-resolved
605 Market LLC
Entity
Mailing address
1000 NW ST STE #900, WILMINGTON, DE 19801-1000
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 23, 2016
—
220 Market LLC
—
Grant Deed
related
$8,700,000 · Bancorp Bk
May 1, 2012
—
605 Market LLC
605 Market LLC
Correction Deed
related
$8,000,000 · Nasa FCU
Aug 12, 2011
—
605 Market LLC
—
Deed Of Trust
related
$28,695,397 · Anglo Irish Bank Corp
Jun 5, 2009
—
605 Market LLC
—
Deed Of Trust
related
$6,000,000 · City Of Wilmington
Aug 31, 2007
$772,000
605 Market LLC
Thomas G Hatzis
Deed
$21,100,000 · Anglo Irish Bank Corp Plc
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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